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Iranzo, Silvia - Banco de España - 2008

Since the Latin American debt crisis of the early 80s, country risk analysis has accounted for a significant part of the work of research and risk management departments of banks, insurance companies, rating agencies, financial market regulators, and multinational companies. Country risk is a...

Persistent link: https://www.econbiz.de/10005022307

Recent episodes of sovereign debt restructurings. A case-study approach

Díaz-Cassou, Javier; Erce-Domínguez, Aitor; … - Banco de España - 2008

Sovereign debt restructurings do constitute a recurrent phenomenon in emerging and developing economies. Consequently, the international community has repeatedly explored options to increase the predictability and orderliness of debt workouts, of which the debate on the Sovereign Debt...

Persistent link: https://www.econbiz.de/10005163314

The role of the IMF in recent sovereign debt restructurings: Implications for the policy of lending into arrears

Díaz-Cassou, Javier; Erce-Domínguez, Aitor; … - Banco de España - 2008

This paper analyzes the role played by the IMF in eight recent sovereign debt restructurings from a comparative perspective: Argentina (2001-2005), the Dominican Republic (2004-2005), Ecuador (1999-2000), Pakistan (1998-2001), the Russian Federation (1998-2001), Serbia (2000-2004), Ukraine...

Persistent link: https://www.econbiz.de/10005590736

The distribution of debt across euro area countries: the role of individual characteristics, institutions and credit conditions

Bover, Olympia; Casado, Jose Maria; Villanueva, Ernesto; … - Banco de España - 2013

The aim of this paper is twofold. First, we present an up-to-date assessment of the differences across euro area countries in the distributions of various measures of debt conditional on household characteristics. We consider three different outcomes: the probability of holding debt, the amount...

Persistent link: https://www.econbiz.de/10010862266

Credit Institutions' Price Policies and Type of Customer: Impact on the Money Transmission Mechanism.

Frías, M. Cruz Manzano; Belmonte, Sofía Galmés - Banco de España - 1996

and savings banks, analysed from a disaggregated perspective. In this respect, it considers structural factors that cannot … credit institutions operate. …

Persistent link: https://www.econbiz.de/10005155225

Credit Growth, Problem Loans and Credit Risk Provisioning in Spain

Lis, Santiago Fernández de; Pagés, Jorge Martínez; … - Banco de España - 2000

This paper analyses the cyclical behaviour of bank credit, loan losses and provisions for loan losses in Spain. These … and regulators. In a context of strong competitive pressures, there is a tendency for loose bank credit conditions in an … upturn in view of the low level of contemporaneous non-performing loans. This may contribute to an over-extension of credit …

Persistent link: https://www.econbiz.de/10005155309

The determinants of household credit in Spain

Nieto, Fernando - Banco de España - 2007

household credit, considering that the behaviour of its determinants is exogenous. According to the evidence reported, household …

Persistent link: https://www.econbiz.de/10005590726

Why do spanish firms rarely use the bankruptcy system? The role of the mortgage institution

García-Posada, Miguel; Mora-Sanguinetti, Juan S. - Banco de España - 2012

the Spanish bankruptcy system relative to that of an alternative insolvency institution, the mortgage system, and the …

Persistent link: https://www.econbiz.de/10010678678

Insolvency institutions and efficiency: the Spanish case

García-Posada, Miguel - Banco de España - 2013

, namely the mortgage system, mean that firms and their creditors mainly deal with credit provision and eventual insolvency … low creditor protection of the Spanish bankruptcy system relative to those of an alternative insolvency institution … creditors in the event of default. Since creditors are inherently biased towards liquidation, this leads to some inefficient …

Persistent link: https://www.econbiz.de/10010678693

Are there alternatives to bankruptcy? a study of small business distress in Spain

García-Posada, Miguel; Mora-Sanguinetti, Juan S. - Banco de España - 2013

note that these results are based on data that do not yet capture the impact of recent reforms of the Spanish insolvency …

Persistent link: https://www.econbiz.de/10010705525